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. president obama has talked with the top four leaders in congress, including republican house speaker john boehner. boehner said yesterday his party would consider tax increases under the right circumstances. he sent a tweet this morning to that effect. republican party needs to regroup after mitt romney's loss. veteran republican strategist wallace says the gop does need to change. >> what happens at this juncture is the same we talk about a war in the republican party between moderates and conservatives. that's an irrelevant and outdated debate it about is modernizing the language -- >> reporter: harry reid sounds ready to compromise saying in a news conference yesterday it is better to dance than to fight. "good morning america" will have more on the fiscal cliff, coming up at 7:00. tonight diane sawyer has an interview with john boehner. katie marzullo, abc7 news. >>> >> traffic and weather together next. >>> live look outside from the embarcadero looking at the bay, a lot of clouds, clear skies not going to last long that system mike has been warning us about is here how rain will aff
americans to pay more. republican response from house speaker john boehner said proposed tax hikes on small business owners would cost america hundreds of jobs. >> can't just cut our way to prosperity. if we are serious about reducing the deficit, we have to combine spending cuts with revenue, and that means asking the wealthiest americans to pay a little more in taxes. >> here's the problem with that. raising those rates on january 1st would, according to the independent firm earnst and young, destroy 700,000 american jobs. that's because many of those hit by the tax increase are small business owners. >>> the white house said the president would veto any bill from congress from extends tax cuts for families making $250,000 or more. boehner said he won't consider raising taxes but he would consider eliminating tax loopholes. >>> a hercules city council member faces possible censure on tuesday on an abc news indication of unethical and abuse of power. the contra costa time reports the hercules councilwoman is in hot water with fellow council members for silencing a resident over blog posts
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